Waud Capital Partners, a Chicago-based private equity firm, acquired a majority stake in Fusion Healthcare Staffing, a provider of locum tenens staffing based in Sandy, Utah.

Plans call for Fusion Healthcare Staffing’s three owners — Jarin Dana, Rob Gleason and Dan Westenskow — to remain in leadership roles at the firm.

The move comes as Waud Capital announced the establishment of its healthcare staffing platform company Fusion Health. Fusion Healthcare Staffing will be the first operating subsidiary of the new company.

To lead the newly established firm, Waud Capital has tapped Bales Nelson to serve as CEO and Allen Dye to serve as president. Nelson and Dye have held leadership roles at firms such as CenseoHealth (now SignifyHealth), THMed (now Curative, a Doximity brand) and AMN Healthcare.

“My partners and I are incredibly excited to be partnering with the Waud Capital, Bales and Allen team to grow our business and build a dynamic new platform in Fusion Health,” Westenskow said. “Their team brings a unique strategic plan, deep operational expertise, and an extensive network of value-added relationships that will enable us to sustain our momentum by expanding our capabilities.”

Fusion Healthcare Staffing appeared on this year’s list of Best Staffing Firms to Work For.